HomeMy WebLinkAbout4.F.5 Establish Date for ULI Workshop nbewh—i As -as Consent Business 4. F. 5.
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TO: Mayor and City Council
FROM: Mark McNeill, City Administrator
DATE: 09/17/2013
SUBJECT: Establish Date for ULI Workshop (B)
Action Sought
For Council to establish Tuesday, December 10, 2013 as a date to participate in the Urban Land
Institute's "Navigating the New Normal" workshop.
Background
The City has been approached by the Urban Land Institute (ULI) about participating in an
interactive workshop for city officials, which will talk about how the "new normal" terms of
changing demographics will impact planning for cities in Minnesota. The attachment gives
highlights, describing how the number of Minnesotans who are age 65 or older will nearly double
in the next 20 years, the numbers of younger Generation Y residents, and an increase number of
immigrants will change the face of Minnesota.
The ULI has conducted 23 of these workshops in the past two years, (all but one in the Twin
Cities Metropolitan area), which have provided elected officials, staff, planning commissioners,
and other advisory boards with an opportunity to talk about how these changes will impact their
community. The workshops often spurred discussion as to how local planning needed to change.
The ULI has time for one more of these workshops, and Shakopee has been approached to hold
it. The ULI has either Monday, December 9th, or Tuesday, December 10th available. In view of
the City's normal Tuesday evening schedule, I am recommending Tuesday, December 10th at
7:00 p.m. for the meeting time, should the Council choose to do this.
If the Council agrees, the Planning Commission, EDAC, and SPUC should be invited (the same
participants as were invited to the 501 planning discussions).
Recommendation
I recommend that the Council agree to host the ULI workshop, which would be held on Tuesday,
December 10th at 7:00 p.m. in the City Council Chambers.
Budget Impact
The ULI workshops are provided at no cost to the cities.
Relationship To Visioning
This supports Goal B, "Positively manage the challenges and opportunities presented by growth,
development and change."
Requested Action
The Council should, by motion, designate Tuesday, December 10th, 7:00 p.m., to be the time and
date for a workshop presented by the Urban Land Institute of Minnesota, entitled "Navigating the
New Normal".
Attachments: ULI Navigating the New Normal
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A two-hour interactive workshop for city officials that provides a practical approach to the
new challenges of(re)development.
1.Overview of the New Normal.
2.Profile of conimunity change information.
3.Discussion and dialogue among real estate industry leaders and city policy makers.
City councils,planning commissions,economic development and housing committees,and staff.
Develop a better understanding of:
® The impact of the New Normal on your city,demographic trends,and market preferences.
The connection between your city's demographics,new market preferences,and future growth patterns.
o The importance of partnerships between cities and developers.
o Strategies to position your community to be competitive and sustainable,and to attract the best
quality development.
data, ►•
perspectives panel,
helpful very ► stimulated .
great deal of discussion.
would Please let them know how
worthwhile this was for us as
a city.We be more than
happy to recommend this program
to other . ►
Nancy 7yra-Lukers
Mayor,City of Eden Prairie
41 Sest Place to Live in America, i
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New Neighbors, New Preferences, New Responses
Changing demographics and new market preferences
are creating demand for different housing choices.
1,399,960
Our region is rapidly getting older.The number of Minnesotans 65 or older 1,299,460
1,133,920
will nearly double in the next 20 years.At the same time,generation Y,with 947,520
30 million Americans,accounts for a greater percentage of the population 623,241 077,270
than the generation that preceded it(generation X,born between 1965 and
1979,with 46 million Americans).Three-quarters of Minneapolis/St.Paul
households are projected to be without children by 2035,and the number 2005 2010 2015 2020 202 5 2030 2035
of new immigrants has grown an average of 12%since 2000 in Minnesota
These changing demographics bring new market preferences—amenity-rich "fliese things usually creep along at the speed of a glacier.
walkable neighborhoods,rental housing,multi-generational homes,work/live Not so with aging.to dennographic torn€s,this is a tsunami.
It doesn't got much bigger than this..."
spaces—creating a mismatch between housing inventory and market demand,
and a need for different services and amenities.To be competitive,we,must
offer choices that reflect these shifts in a time of increasing financial
constraints.It's about priorities.it's all part of the New Normal. 20103 Housing Skopprly vensor,
2025 Hansing Uenuamd F-1 2003 Supply
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"As a developer,it is great to have art opportunity to interact with city officials in such an open way,
The reality is that we are more often negotiating from opposite sides of the table.In this environment,we
are getting to know each other and developing a deeper sense of what is possible.I believe (flat this
is an important investment on both sides."
New responses are needed.
The way development is financed has changed,making it harder to complete
quality projects.An increase in equity requirements has resulted in fewer
developers who have the financial ability and risk appetite to deliver quality
development.Local governments that embrace a collaborative approach to
problem solving with developers will be more competitive and successful The term has been used to describe major
in implementing their vision for a prosperous comrrurnity.
changes to our economy.It has been ap •by a confluence
What are the key policies and practicer that cities can embrace in
times of scarce public resources to attract private investment,create of ' ' some '
jobs,and build the tax base?An approach that provides clarity,transparency, crisis and some that were at vioik long before it began,
and efficiency in the development process helps attract investments that
create thriving, sustainable communities.Working together to solve been characterized as a time of
problems,identify and pursue new partnerships,and manage development slover economic growth, , energy costs,
risks will improve key decision-making skills,with the reward of being
using market,an aging and more diverse population,and
a competitive community. Navigating the New Normal provides a
forum to foster meaningful dialogue between public and private sector anging market preferences,
leaders and builds trust and collaboration for common goals.
onlenon.This confluence of forces has a strong impact
on the development and redevelopment of our ,
and perhaps tile American dream,
Want higher connectivity&more walkable areas
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Seek active lif;,Aylas,more interaction
'' Born between 1945 and 1964
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75 million Americans
(Re) Development-Ready Guide
Local Government Policies and Practices
• Cities can implement(re)development policies and practices that support
quality,competitive,and sustainable communities.
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• WLVKON provides technical assistance to local government through tile
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Opportunity City and Navigating the New Normal programs.
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Establish a vision and clearly articulate development expectations creating(re)(levelopment-ready sites.
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| | Foster collaborative and integrated strategies.
| | Provide transparency that clearly defines the development Vmoono.
| � Work nsa team to coordinate the approval process across all mgnnc�udepadman�oa|adndoKicox
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and investment partners,og,planning,engineering,Vaiko,metropolitan council,county,state,watershed
districts,schools,and private sector.
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Provide existing due diligence information to developers Up-fF011t to increase efficiency and reduce
development time and cost.
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certain requirements; be flexible to achieve project goals.
Analyze and rnodify land use regulations to allow for a
compact inix of uses with increased flexibility that reflects
changing market demands.
About the Urban Land Institute
ULI Priorities
ULI Minnesota actively The mission of ULI is to provide leadership in the responsible use of land and in
creating and sustaining thriving communities worldwide.
engages; public and
private sector leaders
Creating Resilient Communities
• What are the best new business models in the real estate and land use Indushy,and how can we support
to 'lostfai collaboration,
their development?
share krowledge, and, • How can we best adapt and reuse existing real estate while eliminating obsolete space to create thriving
communities?
join in tneaningful, How can we influence land use leaders locally and around the world as they reshape the process of
community building and developing both social and physical infrastructure?
strategic action to
create thriving,
Understanding Demand and Market Forces
• How can we best understand the demand(quantity,type,price,and location of the need)for real estate and
sustainable discover what the market wants short-term versus what It needs long-term?
• How can we help balance local,regional,national,and global interests,as well as public and private interests,
in terms of how they affect land use decisions and development?
How will changing technology influence building and buildings,and how will people's use of technology
influence how they interact with the physical environment?
Connecting Capital and the Built Environment through Value
• How can we best generate value in the built environment that is greater than its cost?
• What are the best ways to ensure the attractiveness of real estate as an investment as institutional capital
allocators continue to change and become more global?
k ' t • What is the most effective way to demonstrate and explain the relationship between investment in both public
projects(including infrastructure)and amenities and the impact on real estate value?
Promoting Intelligent Densification and Urbanization
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What are the most responsible ways to provide cost-effective housing for a rapidly increasing global
# r population that is becoming increasingly urbanized?
) cs
• How can we advance the understanding of the relationship between a high quality of life and the built
� �Iii R� Ott environment in order to promote creation of high qualify,appropriately priced density that is attractive to users?
r ,i4 �, v1.`iGktl4 �
h mums • What is the relationship between a thriving economy and a thriving city—between a dynamic society and the
built environment?
P a r-pi,i
Integrating Energy,Resources,and Uses Sustainably
in How can we best reduce the negative impact of the built environment on our natural resources and climate?
€ • What are the best ways to use the world's energy resources and protect the built environment from volatile and
�� iM� �j �i!')• i4 + r unpredictable conditions?
• How will trends in energy and resources affect the future best use of land?
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Thanks to generous financial support from the ULI 75th Anniversary
Urban Innovation Fund Grant Program,Family dousing Fund,Minnesota Housing,
Minnesota and the Metropolitan Council,